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20 <br /> FY2025-35 Recommended Capital Investment Plan <br /> • Education Projects — 10 Year Plan <br /> — School Capital Funding Policy <br /> • Adopted January 21 st by BOCC <br /> • School submissions align with Board project-based allocation <br /> • $300 million School Bond <br /> — Allocated by specific project over 6-year window. <br /> — Each District starting design on elementary school in FY2025-26 <br /> — Staff adjusted sequencing of district submissions to ensure both were receiving funds at equal rates <br /> • $100 million Pay-As-You-Go (not borrowed) <br /> — Two-year phase in of Pay-Go <br /> » FY2025-26 $6.4 million <br /> » FY 2026-27 $10 million <br /> — Additional Funding to be added in years 6-10 to achieve $100 M over 10 years. <br /> — Provides Flexibility & No interest <br /> — Reduces Impact of Borrowing on Debt Service to General Fund Revenue Measure <br /> — Enduring Source of Maintenance Funds After Bond is Exhausted ORANGE COUNTY <br /> 4 I•TORTH ( AROLI1%4A <br />